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Moreno Valley, CA

$21,000,000

28057 Bay Avenue, Moreno Valley, CA
356
Days listed

About this home

-Prime 21.19 Acre Apartment Site -500 Unit Apartment Development to have Full Entitlements by Fall 2025 -Close to the New Freeway Interchange on Moreno Beach Drive That was Completed in 2024 -City of Moreno Valley Job Creation Exceeding 30,000 Over the Past 10 Years -Nearby World Logistics Center (WLC), a 40.6 Million Square Foot Project That Will Provide a $2 Billion Annual Economic Benefit to the City -An Additional 20,000 New Jobs Coming From the Recently Approved WLC Project That Is Scheduled to Break Ground in 2025 -Close Proximity to the Riverside University Health System Medical Center, a Hospital That Employs 6,000 Workers and Has an Economic Impact of $1.6 Billion -Nearby the New Kaiser Medical Center Project, an Expansion Plan That Will Add 1,125,000 Square Feet of Medical Services and Create 4,000 New Jobs in the City

Facts & features

Exterior & lot
Lot size
21.19 acres (923,036.4 sq ft)
Community
Area
259 - Moreno Valley
County
Riverside
Community features
Valley
Listing details
Status
Active
Property type
Land
Days on market
356
Listed
2025-06-01
Terms
Cash, Exchange 1031, Land Use Fee
Parcel #
478060018
MLS #
IV25143930
Listed by
JERRY STEPHENS · DIVERSIFIED REALTY INC.

Location

Price history

Listed
$21,000,000 · 2025-06-01
Days on market
356
Current price
$21,000,000
Financing

Could this home be yours?

Estimated monthly payment
$131,737
$106,187 principal & interest · $25,550 taxes & insurance
$4,200,000
Estimate only
Loan $16,800,000

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Listing data provided by CRMLS

Listing courtesy of DIVERSIFIED REALTY INC.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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